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...l utility|"law" of diminishing marginal utility]]: that [[marginal utility|marginal utilities]] are diminishing across the ranges relevant to decision-making. ...will allocate expenditures so that the ratio of marginal utility to price (marginal cost of acquisition) is equal across all [[Good (economics)|goods]] and [[S ...

The '''marginal efficiency of capital''' (MEC) is that [[Discounting|rate of discount]] whi The term “marginal efficiency of capital” was introduced by [[John Maynard Keynes]] in his ''[ ...

{{Short description|Optimize by equalizing marginal utilities}} ...od (economics)|good]] or [[Service (economics)|service]] to its price (the marginal expenditure necessary for its acquisition) is equal to that for every other ...

In economics, the '''marginal product of labor''' ('''''MP''_''L''''') is the change in [[outpu The [[marginal product]] of a [[factor of production]] is generally defined as the change ...

...rginal probability distribution]]s (the marginal PD on attribute 1 and the marginal PD on attribute 2). ...1 is 50% for <math>x_1</math> and 50% for <math>y_1</math>. Similarly, the marginal PD on attribute 2 is 50% for <math>x_2</math> and 50% for <math>y_2</math>. ...

===Basic concepts=== the marginal tax rate for category 2 is zero. As to category 1: ...

...ar-cut and determinate in spite of the quantitative indeterminacy of these concepts. It is natural, therefore, to conclude that they not only lack precision bu ===The schedule of the marginal efficiency of capital=== ...

Beckstrom's Law differs from [[Metcalfe's law]], [[Reed's law]] and other concepts that proposed that the value of a network was based purely on the size of t ...eckstrom's Law provides a model that could identify the point at which the marginal effect of each new member's contribution is zero and where adding an additi ...

...ts corresponding to X in the above partial sweeping equation represent the marginal distribution of X in potential form. Second, according to statistics, <math ...a single concept. It allows one to see the inner connections between these concepts or manifestations and to interplay them for computational purposes. ...

| header1 = Key Concepts | data2 = A ratio of marginal likelihoods that quantifies the evidence in favor of one model compared to ...

...tive distribution functions of the {{math|<var>n</var>}} one-dimensional [[marginal distribution]]s of {{math|<var>μ</var>}}, that means ...)}} be a comonotonic bivariate random vector with the same one-dimensional marginal distributions as {{math|(<var>X</var>, <var>Y</var>)}}.<ref group="note">{{ ...

The rank function is one of the fundamental concepts of matroid theory via which matroids may be axiomatized. '''Matroid rank fu * The agent's [[marginal utility]] for each item is dichotomous (binary) - either 0 or 1. That is, a ...

* The [[marginal rate of substitution]] of all goods is constant. For every two goods <math> == Related concepts == ...

...ing in a single-pass (on-line) context,<ref name="single-pass"/> combining concepts from the field of machine learning (e.g. conflict and ignorance) with adapt ==Minimum marginal hyperplane== ...

...ary 2020 |title=Marginal Utility |url=https://www.intelligenteconomist.com/marginal-utility/ |website=Intelligent Economist |language=en}}</ref> ...tps://corporatefinanceinstitute.com/resources/economics/law-of-diminishing-marginal-utility/ |website=Corporate Finance institute |language=en}}</ref> ...

...surplus may exist as the increasing average product (AP), higher than the marginal product (MP) and not equal to the subsistence level of wages.<ref name="The These three concepts helped them in formulating a relationship between T, R and S. If ::<math>T ...

...means that each agent ''i'' values his bundle at least as much as the ''[[marginal utility]]'' of (the bundle of j with the best item removed from it). Formal ...each item-kind, the valuation has [[Decreasing marginal return|decreasing marginal utilities]] (this is the meaning of "piecewise-linear concave"). They give ...

...ion concept]]). In cooperative game theory he contributed to the solution concepts called the [[Core (game theory)|core]] and the [[Shapley value]]. ...s that encompasses stochastic and incomplete information aspects and where concepts of wide relevance are deployed as for example reputation, bounds on rationa ...

...and {{mvar|B}} from the [[sigma-field]] of a probability space, with the [[marginal probability|unconditional probability]] of {{mvar|B}} being greater than ze The concepts of mutually independent events and [[mutually exclusive events]] are separa ...

The term "dynamic scaling" as one of the essential concepts to describe the dynamics of [[critical phenomena]] seems to originate in th * the marginal probabilities of fractional Poisson processes exhibits dynamic scaling. <re ...